niceguy37
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Post by niceguy37 on Oct 2, 2015 10:15:33 GMT
Firstly let me say that I think the Savings Stream website is clear, effective and simple to use. Thank you savingstreamMay I suggest an improvement please: On the Live Loans tab on the Loans page, please can we see our current holdings in the loan. I bet I'm not the only lender who has to switch back to my Dashboard to double check how much I've already invested in a particular loan. We don't need to see the asset value (the loan size and LTV is all that is required in the loan table), so that could be removed to make space for our current holdings. |
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SteveT
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Post by SteveT on Oct 2, 2015 10:44:48 GMT
Firstly let me say that I think the Savings Stream website is clear, effective and simple to use. Thank you savingstreamMay I suggest an improvement please: On the Live Loans tab on the Loans page, please can we see our current holdings in the loan. I bet I'm not the only lender who has to switch back to my Dashboard to double check how much I've already invested in a particular loan. We don't need to see the asset value (the loan size and LTV is all that is required in the loan table), so that could be removed to make space for our current holdings. There must be about a dozen threads on this board that all ask for the same thing!  My guess is it's non-trivial in programming terms (else it would have been done many months ago) and is something that the long-awaited "new website" will address.
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niceguy37
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Post by niceguy37 on Oct 2, 2015 10:53:07 GMT
As a software engineer I would consider it a simple request, and relatively trivial to implement. But perhaps all improvements are on hold until the next version.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Oct 3, 2015 7:47:59 GMT
I have only started using SS 3 months ago and am a bit concerned that the only time I know what my investment is worth is when the interest accrued each month is transferred to the Dashboard Overview page. The account balance of £XXXX (plus live loan parts) on DO is useless because when one looks at the Live Loan Parts page it only shows total interest accrued over the total time holding each loan.
A further column should be added showing interest accrued for the current month, or. alternatively the current interest column zeroed each month once transferred.
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arbster
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Post by arbster on Oct 3, 2015 14:15:04 GMT
I have only started using SS 3 months ago and am a bit concerned that the only time I know what my investment is worth is when the interest accrued each month is transferred to the Dashboard Overview page. The account balance of £XXXX (plus live loan parts) on DO is useless because when one looks at the Live Loan Parts page it only shows total interest accrued over the total time holding each loan. A further column should be added showing interest accrued for the current month, or. alternatively the current interest column zeroed each month once transferred. I'm not sure that "interest accrued" is particularly helpful, apart from providing a nice warm feeling. Until it's actually paid, it's not our money - the borrower could default at any point. As such, I'm happy do to a rough calculation in my head to work our how well off I am...
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jonah
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Post by jonah on Oct 3, 2015 14:34:03 GMT
A penny per day per £30 is roughly there. Or approximately £100 per month per £10000. Depending how much of a BH you are (I'm in the pennies category personally!)
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
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Post by eddie on Oct 3, 2015 14:54:44 GMT
neither fc or ss have the actual figure you have invested anywhere at hand, you would think that would be the first thing you would want to know.
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adrianc
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Post by adrianc on Oct 3, 2015 17:08:46 GMT
Two different uses of "total invested", I think.
Eddie means "How much have I actually transferred into SS?"
James means "How much have I actually got in loans now, including re-invested interest?"
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Investor
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Post by Investor on Oct 3, 2015 17:52:33 GMT
Unless I'm missing the point, for eddie's requirement this figure is available in the tax statement tab, simply set the start day to some time in 2010, sent the end date to 2016 and then deduct the total withdrawals from the total deposits.
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tony
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Post by tony on Oct 3, 2015 19:14:55 GMT
I have a P2P spreadsheet which has a column showing the interest expected at the end of the month. The formula is:
=IF(A7="","",IF(P7=0,IF(TODAY()-C7<DAY(EOMONTH(TODAY(),0)),(TODAY()-C7)*J7*0.0328767%,J7*0.0328767%*DAY(EOMONTH(TODAY(),1))),0)*(O7<=TODAY())) where:
A = Today's date
P = Loan repaid
C = My lending start date
J = Amount currently on loan
o = Date interest paid upfront to
The amounts calculated by this formula always agree with the SS calculations and the interest SS credit my account
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Post by solicitorious on Oct 3, 2015 22:26:39 GMT
savingstreamOne thing I would like to see is the ability to buy or sell a standard lot size. I tend to work in lots of £500, but other people might be different It could be an option in settings. So you when you come to buy (or sell) a part, the amount to fund box is pre-populated with your setting, perhaps with a spin button to adjust the amount, if you want to do something different from your normal lot size. Would save me and others a considerable amount of time I guess...
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star dust
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Post by star dust on Oct 4, 2015 9:36:22 GMT
Would save me and others a considerable amount of time I guess... I have to say it wouldn't work for me at all and I would find it a complete nuisance, moreover I think it would add an unnecessary layer of complexity to the site. On another subject, the issue of accrued interest is a leftover from the boaty days when interest was paid at term on all the loans. With the advent of increased numbers of PBLs some 18 months ago I and many others have been requesting a change for separate paid and accruing interest figures ever since. IIRC someone posted on here that it's expected on the website upgrade which should be imminent.
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SteveT
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Post by SteveT on Oct 4, 2015 9:55:00 GMT
I wouldn't favour it either. I'll often buy whatever quantity becomes available in a loan I'm looking to add and trim back to a round figure later, once I've reached my target holding. And I always sell in multiple chunks (eg. selling £1000 as £750 / £200 / £50) to mitigate the "stuck loan-part" problem. The current set-up enables this very easily.
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Liz
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Post by Liz on Oct 4, 2015 11:21:31 GMT
I don't like the idea either, I like the current flexibility.
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geoff
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Post by geoff on Oct 4, 2015 11:48:23 GMT
Personally I'm not all that concerned with tinkering around the edges. The one biggest single improvement that savingstream could make, in my opinion, is in communication. I've noticed today that the superyacht has again been extended by 3 months, despite apparent confidence of repayment end of last month. Is it really too much to ask that savingstream keep us informed of this sort of thing? |
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My guess is it's non-trivial in programming terms (else it would have been done many months ago) and is something that the long-awaited "new website" will address.
